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Updated about 5 years ago on . Most recent reply

User Stats

8
Posts
0
Votes
Stacey D.
  • Flipper/Rehabber
  • Englewood, NJ
0
Votes |
8
Posts

Suggestion For Partnership Breakdown

Stacey D.
  • Flipper/Rehabber
  • Englewood, NJ
Posted

I’m wondering what a profit breakdown should be for 3 business partners. One member is doing a majority of the work due to having free time and their location. They will be going to the properties reaching out to contractors, networking, essentially doing all of the leg work. Should that person also be putting an equal amount of money into the business?

Currently the amount being contributed from each person is around 12k. Would it be acceptable if the partner doing most of the work contributed less or potentially nothing and still split the profits equally?

Thanks for your input!

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